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AAP
AAP
Ben McKay

RARE PHOTOS: Migration pressure on inflation concerns rbnz - The Real Truth

Paul Conway Inflation NZ New Zealand Monetary Policy

The chief economist at New Zealand's central bank believes its tightening of monetary policy is bringing inflation down, while warning that record migration was making their job harder.

Like many advanced economies, NZ is battling a post-COVID inflation wave.

Consumer price inflation (CPI) has moderated to 4.7 per cent in the year to 2023 after peaking at 7.3 per cent about 18 months earlier.

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